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Casey Carr
casey.carr@engelvoelkers.com$ 198,900
Est. payment /mo
Active
118 E Signal Dr Rapid City, SD 57701
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 181156
Year Built 1952
Property Sub-Type Duplex
Property Description
This frame stucco, nonconforming side-by-side duplex could also work for multi-generational families. Unit 118 features 2 bedrooms, a backyard shed, and a fenced backyard with parking on the street. Unit 120 features 2 bedrooms, a fenced back yard, a shared driveway & 1-stall garage. There is a blocked doorway connecting the two units that could possibly be reopened if desired. Unit 118 tenant broke the lease in September, but was paying $895/mo; unit 120 tenant plans to leave sometime in October and currently pays $925/mo. Laundry hook-ups are in place, but tenants supply their own washer, dryer, and window AC units. Actual income (including late fees) & expenses for 2025 are listed, providing a cap rate of >8%. Listing Agent is an officer of the LLC holding this property.
Location
State SD
County Pennington
Area Other
Zoning Non-conforming
Interior
Heating Forced Air, Natural Gas
Cooling None
Exterior
Roof Type Composition
Building
Foundation Slab
Sewer City (at site)
Water City (at site)
Listed by THE REAL ESTATE GROUP, INC.
NEARBY SCHOOLS & PROPERTIES
Casey Carr
Broker Associate
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